122 Chain Of Rocks RdGranite City, IL 62040

  • Commercial real estate
  • 5,220 SF

Property Details for 122 Chain Of Rocks Rd

Year built
1985
Lot size
8.93 AC
Property size (Sq ft)
5,220 SF
Property type
Commercial real estate
APN
18-1-14-34-00-000-003-001
APU
181143400000003001

Description

This exceptional investment opportunity encompasses a 31.82-acre industrial campus in Madison County, featuring five buildings totaling 86,400 square feet of vacant space. The property is strategically divided into two parcels. Parcel 1, spanning 8.93 acres, includes a 14,700-square-foot covered storage building and a 6,300-square-foot office space. This parcel also boasts approximately 8.5 acres of existing concrete ideal for outdoor storage and benefits from an existing rail spur serviced by the Alton & Southern Railway Co. Parcel 2, encompassing 22.89 acres, offers substantial warehouse and storage space. This includes a 12,000-square-foot covered storage building, a large 41,400-square-foot warehouse with integrated office space, and an additional 12,000-square-foot warehouse. Ample outdoor storage is available on this parcel as well, complemented by another rail spur serviced by the Alton & Southern Railway Co. The property enjoys excellent highway visibility from Interstate 270, a major thoroughfare with a daily traffic volume of 51,800 vehicles. This versatile property is perfect for businesses requiring significant storage, office space, and convenient rail access. The entire 86,400 square feet is currently available for lease or purchase. The property's location and infrastructure make it an attractive proposition for a wide range of industrial and commercial uses.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $1,461,350
    Hospitality
    $1,338,589
    Educational
    $1,113,690
    Medical
    $1,151,992
    Retail
    $1,732,407

Location Insight

City
Granite City
County
Madison
State
Illinois
Latitude
38.7605
Longitude
-90.0908
CBSA code
41180
CBSA name
ST. LOUIS, MO-IL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2022
$19,769
$83,070
$198,200
$281,270
-
$249,459
$595,195
$844,654

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